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20121116
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armageddon. i guess first signal came for john boehner who was open to revenues, b that, taxes, let the kabuki theater begin. >> it did. you know hours after president obama secured reelect, top congressional democrat, harry reid reaffirmed democrat tax agenda, those makg more should pay more. >> people who make more than a million dolrs a year, the vast majority of them are happy to pay that. only place that people disagree are republican in congress. >> repter: he and democrats, namely the president, want a tax increase on families earning more than $250,000 a year, reed hemmed a series of votes this year on only income of more than a million dollars. meanwhile, house speaker john boehner unprompted said that republicans are willing to spam examine more tax revenue. >> for the purposes of forging a bipartisan agreement that begins to solve the problem, we're willing to accept new revenue under the right conditions, what matters is where the increased revenue comes from and what type of reform comes witht. >> reporter: those conditions broad-based individual tax reform, republican
. it is a pleasure. we will be in touch over obamacare. john boehner says higher taxes could be on the table we will get reaction rating agencies awarding obama's will have no honeymoon stage and congress work together and congress work together to keep away and you pick the price that works for you. great. whoa, whoa, jamie. watch where you point that thing. [ mocking ] "watch where you point that thing." you point yours, i point mine. okay, l-let's stay calm. [ all shouting ] put it down! be cl! everybody, just be cool! does it price better on the side? no, it just looks cooler. the name your price tool, only from progressive. call or click today. i got you covered. thank you. oh, you're so welcome. heartburn symptoms causedelieve by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, d abdominal pain. other serious stomach conditions may sti exist. talk to your doctor about nexium. america will face another america will face another urgent crisis and waiting in line. i don't have to le
'm listening to the two of you, i've never been more hopeful about this problem getting resolved. john boehner made conciliatory comments last week and the president made conciliatory-- >> i think ben was saying on the tax issues raising on the rich, debate how much he's going to raise that. he said he wouldn't bend. >> go ahead. >> but that's not the only issue and that's not the only way to solve the problem. so, they will come together and have the solution in the next few weeks. >> boy, i'm glad somebody's optimistic about this, i'm not sure i am. >> i am. >> what i hear people-- >> what do you fear happen? >> there's an unholy alliance of the left saying let's go over the fiscal cliff and libertarians saying let's go over the fiscal cliff. >> neil: and you pick up the pieces under the new year that you want, is that it? >> ihink that's pretty much what people think, but the reality is, we'll lose 2 million jobs at a time we can little afford it. the economy will go into recession if it's not already there. and that's a cost we can't afford it pay. >> neil: but you could make a political a
or in on the discussions on that, but as far as the different roles are concerned, this is house speaker john boehner's thing. he runs the house. he's the top republican negotiator in this so he's the one who goes to the white house, and he's the one who has to tell them what passes the senate or house. neil: very true. you don't think abt that, but it's who controls the boyds, republicans corol the house. boehner is the powerful player here. as always, thank you. rich edson at the white house, and craig smith in arizona. now, craig, i could be overanalyzing, but i'm beginning to see the inkling of and structuring of is the deal that would potentially save face on republicans on revenues saying it might not be a raise, but closing loopholes and that thing. the president might buy that, might not, but because they left out specifics and boehner left out specifics yesterday, me thinks there is wiggle rooms on revenues. on spendi, then, up to the republicans tosee the democrats open to reigning in the growth of e entitlements so you don't throw grannyff the cliff. how do you score the likelihood of prog
don't have a press conference. john boehner shouldn't have a press conference. get john boehner at a small group of congressman together and say what can we work out? all we're doing is playing politics, everybody will get locked into one position or another, let's see what we can work out and then announce it is something we have agreed upon. that is the way you do it, instead you'rsteadier quebec thy politics that didn't produce what we needed to have. neil: what worries me is this hope is dashed. >> they should have put together a bipartisan group, all they're doing is put on defensive by the self-interest groups they are meeting with. does not make much sense. neil: they made it very clear, nothing from us. and he owes them, right? >> they got him reelected. neil: time is urgent, time to say time is wasting. >> who didn't have to completely ignore the political thank you, but if you sttrted off and have a couple of meetings with the leaders of the democrats in the house and the republicans in the house and in the senate, and do it on a bipartisan basis. the only way it will
troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the position he is in. but i am also reminded of what ronald reagan taught us years ago, good polic makes good politics, john boehner needs to emphasis economic growth, is the way to get increed revenue. and there is two ways to -- two imperatives, dress down reduce, and discipline our government run among so there is confidence to grow in private sector then a tax system that accommodates that growth. you will dress a tax system of this country, from theoint of view of what is fair, have you taken the most simple minded way to address taxes. taxes are about raising the necessary revenue to fund the minimum, i i effective governmet that does interfere with growth of private sector, to to so in such a way as to encourage the maximum growth of the private sector is where you get maximum revenue. neil: we're at this cliff, possibility, republicans are under pressure, president said, i'm not budging, -- he left open some details, but he certainly want toss rais
the ship, we took the sailors and we said [inaudible] that was a good and clear message. neil: john boehner, the speaker was talking about the fiscal cliff and i want to ask you a question about this. this is what john boehner had to say. >> former secretary george shultz put it at the 1986 reform, the time has come again to revamp the tax code. if we do, there will be a response and revenue will come in. neil: you are right about that. secretary. the one thing is if you think about it, the speaker has offered a concession to consider revenues we have not heard anything back from the democratic counterparts. does that trouble you? there are 53 days before this great fiscal cliff. >> it's just not conceivable that the government can avoid this fiscal cliff. so here is what should be done, i think. we should give people who have the power to decide something, that is people who can negotiate and who can carry the results of their agreement. and sit down and start talking to each other and listen to each other. the way to go about it, i think, is to start by saying, what are our long-term obje
priorities and reduce the deficit. hearing from some republicans as well, john boehner scheduled to speak a short while from now. he says he's open to discussing. you're seeing these decisions, is not unlike what we saw before the election. talking an overall rewrite of the tax system, democrats looking for tax rate increases on families earning more than $250,000 per year. back to you. connell: fox news contributor and author of our favorite titled book. i guess we can modify it to say with what happened later today. do you think he goes to the middle or dig into the left? >> there were so many bizarre things that happened over the tuesday night election results by the american people chose non-satisfactory status quo. you will see those results going into another round of discussions over spending. connell: i was saying this fiscal cliff is a big deal and the ceo outlined it for us, to go off the cliff, this automatic spending cuts, tax hikes go into effect, the economy essentially back in recession. the president has to know that, right? does he say let's try out something like simpson
provisions giving you 1.6. the starting point for the administration. john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and concluded i think incorrectly that there is a huge amount of resources. i think that is untrue. >> a dozen of ceos meet with the president and a couple of hours from now after the president's news conference at 1:30. a number of these executives have been to the white house before. members of the export council, jobs council, ceo of of ge, tao, ford, also say what the white house on the different councils in some form or another. cheryl: we will be taken the tae news conference from the president lives and the ceo will have something to chew on
the senate and the white house and they understand at some point they have to talk revenue. john boehner came to the podium yesterday and said the word revenue. they're going to have to get it. wears a going to come from the tax reform process? those details are far from it right now. melissa: might be an overshoot at this point. bank stocks coming from the sell-off by tuesday's election but which winner as the bank's more concerned? president obama or massachusetts -- there she is -- newly elected senator elizabeth warren. joining me is the tangent capital partners senior managing director. election day is a bad databanks. >> this delusion said romney would win and it would all be ok and we would rollback basel iii -- melissa: a lot worse, not only is president obama in office which is not great for the banks but they're looking for the legislative change but you have people like elizabeth warren gaining power so altogether racemes what is your outlook? >> elizabeth ward is only one of 100 senators. she is an angry calvinist. she is a wonderful lady. i loved her books but i don't know her pr
uncertainty despite the president's comments and john boehner's comments. cheryl: we're looking at what we've been seeing over the last couple of months and you are saying kind of be prepared for that. a lot of the guests have come on and said you know, there's problems with earnings, but also you can't ignore that spike to the down side after the election. what did you make of all of that last week? what did you read into that? >> well, i mean, heading into the election, there was a lot of sentiment that the the market, the financial markets would have preferred a republican winner. cheryl: sure. fiscally more responsible if their view. -- in their view. >> correct. there's a few there's a lot of financial regulation presently and more to come. a lot of that at least from professional investors is probably where they were on wednesday. cheryl: they were waiting to see. >> i think that's going to settle off. i don't think you will see 300 point swings. you might see back again -- i'm quoting that period of july and august 2011, you could see 100, 150 on any given day, maybe a little bit ou
question. john boehner, he said it's going to take a long time to work this out. let's keep in mind here that will cost every american family $3500. what can you do by december 31? >> well, we can pass the republican bill that came through the house that is sitting in the senate. the economy is still going the wrong way. we have more americans on fd stamps than ever before in history, and all he wants to do is talk out raising taxes. gerri: congressman cummings a pleasure to talk you tonight. thank you for coming on. >> absolutely. gerri: president obama pushing his tax agenda. but who didn't earn a seat at the table? small busiss. big mistake, mr. president, that's what my next guest says. he is the president of the american business week. welcome to the show. it is great to have you here. i was shocked. we have all big fortune 5 companies going into that room. the missing players were walll street, and also small business. >> i would tell them that einstein says we can't solve problems by using the same kind of thinkin. obama went to big businesses a couple of years ago looking for sol
are stopping by. all leading up to the meeting on friday. john boehner, harry reid, mitch mcconnell, the same group last year. since that meeting, republicans have been discussing revenue increases. democrats want tax rate increases. republicans say there are other ways to get there like curbing tax deductions. >> this whole notion of capital gains and dividend taxes is really an explicit to pension funds and the ability of moms and pops that are out there to have income producing small capital investments. rich: the president's budget increases the top tax rate from 15 to 20%. meeting friday at the white house. back to you. lori: we know you will be there, rich. thank you. melissa: the president calling on congressional leaders to work together. congress has a voter mandate not to raise taxes. joining us now is steve moore from the "wall street journal." thank you for hopping on the phone to talk to us. i am really interested in the interview that you did. he said over the weekend "let me put it very clearly, i am not willing to turn off taxes for the sequester." >> one of the things that ca
really intense negotiations and both the president and john boehner in the house --. lori: david, i'm so sorry to interrupt you. we have breaking news. we'll get back to the conversation. we're getting started. the president we are hearing arriving in staten island, an area, hard, hard hit by superstorm sandy. he is is expected to address the press after he speaks with first-responders. you can see the crowd there. a lot of media members looking to grab an interview or comments from the president as he tours sandy's storm-ravaged staten island. all right. let's return to our conversation with mr. west self "the wall street journal.". when we hear from the mr. president we'll return to that. thanks for rolling, david. continue with your comments. you said this was the calm before the storm if you will. >> right. everybody is basically trying to jockey for position, making clear what their opening bid is and trying to make the public thing if this doesn't work out it was the other guy who was reasonable, other guy was unreasonable. lori: what is going to get this thing going? >> right. i t
will veto is pretty inflexible, he will sit down with john boehner or harry reid and hash this out, don't tell me what you are not willing to bend on. ashley: the ball is in his court from the republicans's perspective. we heard from john boehner earlier today. you are the president, you lead. >> that is something the president has not wanted to do. even when it came to obamacare he allowed the senate to write the legislation and hung back in the shadows where the legislation worked itself through the process and it will be interesting to see if that is the strategy uses here. i have big questions this afternoon and it seems to me everybody is talking about what they are not willing to do, not what they are willing to do and that is the big problem. here is what happens. you started by talking about this. two million americans lose their jobs. we are in recession. that is what happens. americans don't need another recession at this point. we need a way to get people employed, get food on the table so that we can grow this country again. ashley: what is coming up tonight? gerri: this is
with you. i'm saying whatever ground game was due to the tea party. lou: john boehner talking with abc saying that there is no tea party pocket. this is a major statement by speaker of the house. >> i feel like there was a disconnect between what i was seeing on television, which were rallies filled with people, and then these people going to the polls -- lou: when the speaker of the house that there is no -- [talking over each other] there is a lot of division. >> it is still there. i'm not sure he's going to be very effective at doing that, he's trying to rein in the caucus. lou: i think you're right, monica. thank you all for being here tonight. we are going to look at your comments really quickly. where is obama to help the battered northeast? and obama said the best is yet to come, so
president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues? rich edson from the white house with details. is it going to happen? >> it is a little too early to tell, but look, the democrats campaign in raising taxes on those earning more than $250,000 per year and the voters he said have spoken. the white house later said the president would veto any bill that doesn't raise taxes on the wealthier taxpayers. he is willing to talk. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving the fiscal challenge. but i refuse to accept any approach that isn't balanced. speak of the president said he invited readers to come over to the white house. they tell us they're still working. the president will give a press conference next week, wednesday. david: house speaker gave the speech. what kind of a compromise are we talking about, the change of the 250,000? the president may say anything above 500,000
hurt. >> house speaker john boehner said the only way they will talk revenue is entitlement reform. republicans said what they want from a president is a serious proposal. >> when it comes the great economic challenges of the moment, saying that you want a balanced approach is not a plan. saying people need to pay their fair share isn't a plan. >> business executives come to the white house. a number of other ceos will be here all the way up to that have my meeting with congressional leaders, democrats and republicans coming to the white house to meet with the president on friday. david: thank you very much. chances are if you look something up online you have used wikipedia. coming up, wikipedia cofounder, jimmy wales joining liz claman at the cme global leadership conference. this is an exclusive you do not want to miss. moody's warning of big downgrades. find out which ones and why coming straight up. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enou
but as americans. melissa: house speaker john boehner a short time ago talking about the looming fiscal cliff. everyone knows that it is a huge problem which is why it is so incredibly frustrating that all anyone is doing is talking about it. but there is a powerful bipartisan group in play that couldmake all the difference of the here in a fox business exclusive is former congressman jim mccreary, who is on the steering committee for the campaign to fix the debt. he also served as the chairman of the house social security subcommittee. welcome, congressman, to the show. thank you for coming on. >> my pleasure, melissa. melissa: how do we solve this problem? wh is a lot of people are worried about. we saw it reflected in the stock market. we have to come together and find a solution and americans are nervous about everyone doing it. do you see a grand bargain out there? >> well, what it takes is leadership. there will have to be leadership on both sides of the aisle in washington. leadership from the white house and leadship in congress. what the campaign to fix the debt is tryingto do is cre
heard from speaker john boehner and mitch mcconnell on their position because they will all be here at the white house on friday to get these talks kick started. melissa: thank you so much. lori: estevez houston with a news conference, president obama will be sitting down with a ceos to talk about solutions to avoid the fiscal cliff. rich edson in washington as well the latest developments. >> good afternoon. wrapping in the 2:00 hour, leaves the east room, here to the west wing where he will meet with about a dozen ceos, half of whom are part of the export counselor, jobs council, or they are very familiar with the white house, in particular this white house. the discussion is of the opening offer on taxes, $1.6 trillion in tax increases, most of that tax increases on rate and deductions for those earning more than $250,000 per year. republicans wanted an overhaul of the entire tax system and create revenue through an overhaul of the tax code mostly by getting rid of deductions. saying no to higher rates. that is the risk the treasury secretary shot down. >> there's a lot of magica
we did hear from president obama and house speaker john boehner, both stressing the need for washington to please work together to avoid that fiscal cliff. but will they be able to find middle ground? and rich, of course the news in the last 7 minutes, 11 minutes or so was that the president will be speaking once again on wednesday. but what are you hearing? you've got your ear to the ground. what do you hear? rich: that's right, news conference next wednesday. president obama says he is willing to negotiate, willing to speak with republicans. in fact next week, democrats and republicans congressional leaders are working at a time to come here to the white house to meet with the president. but president obama made it clear when it comes to raising taxes on wealthier americans, he says the voters have spoken. >> this was a central question during the election. it was debated over and over again. and on tuesday night, we found that the majority of americans agree with my approach. and that includes democrats, independents, and a lot of republicans across the country. rich:
. good morning, everyone. three statement. harry reid says tax hikes for the rich, john boehner talks more tax revenue, union boss from xhosas deficits are not priority. read between the lines. taxes up soon, spending may drop later, the debt will go up. that was a big part of the stock sell-off yesterday. the dow is below 13,000. a serious hardship story for you. new york area hit with another storm, more power outages, more destruction. this will hurt the whole nation's economy. "varney and company" about to begin. rs day of work. and his new boss ld him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busseto waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from ameritrade. stuart: two days after the election the fighting is starting on capitol hill. all about the fiscal cliff, the nationa
and that is sparking controversy. we will talk about it. former spokesperson howard john boehner, a great view to be here, what kind of hurdle we talk about, expense of medicaid and health insurance exchanges that has to happen. what are the stumbling blocks to doing that? >> the calendar is moving forward even while washington held its press waiting for the outcome of this election. we are going to see now is the regulators issuing their protocols and regulation to give more form to this health care law and how is implemented and will be a busy couple months. it is 13 months from now, everyone in america will be required to have health insurance, medicaid will need to be expanded at the state level and some of these states, only a handful of these have set up their exchanges. if we are going to implement health-care reform we are behind the eightball. dagen: is that necessarily a bad things? it will be way after president obama's second term before we feel the financial impact as a nation of this expansion of health care, until we feel any kind of economic malaise from it potentially? >> don'
obama and john boehner will address on the economy later on today. the consumer sentiment number from the university of michigan, moved up, no impact on the market, dow is down 22, below 12-8. here is friday morning company. gerri willis is back. liz macdonald with a sand sandra smith from the floor of the stock exchange. where is it now? >> now down about 6% in the trading session. to give disney credit it is up 26% so far in 2012 outperforming the market. reported sales that missed estimates, stock really down, media networks and cruise line and theme park, all reported improved business but that is not enough to boost the stock. stuart: if disney loss is causing a 22 point loss, the dow will be up, i got to move to j.c. penney, that below 20? >> this is not a good looking stock, it is down 6% in today's trading session. it lost 26% so far this year. this is also a company in the middle of a turnaround. you wouldn't know it by looking at the stock. ron johnson says he is committed to the turnaround plan those sales are down. same-store sales down 26%. that was more than analyst fore
, house republicans are saying john boehner is saying we will do revenue from tax reform but must be accompanied by meaningful tax reform so two different messages. congress is back in session after a hiatus for the election season. mitch mcconnell meeting with the new republican senator in that body, democrats and republicans returning to capitol hill and on friday the big meeting, president obama, congressional leaders start talking fiscal cliff. cheryl: they need to get going. thank you, live at the white house. dennis: labor leaders love president obama but can he bring business leaders in? we meet with ceos tomorrow and trying to get republicans to compromise. republican senator and minority whip roger wicker of mississippi joins us from the capital. president obama says his reelection means we will tax the rich. democrats, republicans say they are old and the house meaning we won't raise taxes on any one. are you two side going to blow this and what let happen? >> i hope not. there is room for compromise. but i don't think labor leaders are going to get everything they want
cuts for social security, medicare and medicaid. john boehner says we will talk more tax revenue in an overall tax system but we won't discuss without entitlement reform. that is the key for republicans. they will do tax revenue but it has got to be part of an overhaul of the tax system and has to involve medicare, medicaid and social security. exactly what, folks. but white house don't want to. melissa: leaders in d.c. are scrambling to figure this out but our first guest says he really does fear we're going to hit the fiscal cliff. think of while e. coyote and the acme parachute. scott hodge is president of the tax foundation. you are well known for innovative ideas on tax policy. in the 1990s you campaign to include a child credit in capital gains tax cuts. what is your best idea this time around? >> the best idea right now is for everybody to take a deep breath and pumped into next year. all the tax cuts should be extended for one more year to give congress and the white house some extra time to get off of their political posturing and make a rational deal between them. this
, it is not going to make a difference. john boehner needs to stand his ground. he needs to say we can bring in more revenue, reform the tax code but won't raise taxes on anyone at this time. if the republican party doesn't stand for something, then they may as well call themselves another set of democrats. charles: the republican party was deemed the party of no for the last couple of years, and i think it hurt them at the polls. do they have to compromise somewhere? >> they will likely have to compromise but where they shouldn't compromise is raising taxes. that's going to affect economic output. even cbo talks about another drop in economic output. our gdp growth -- charles: if they don't raise taxes, how do they do it? what does boehner mean by revenue? >> you have to cut out subsidies. along with that tax reform is necessary so companies can make more money, small businesses. if you make it so they can be better companies, bigger companies, hire more people, even a a part timer, you can't to increase economic output. >> articulate why that's not the solution. explain to people why raising taxes
Search Results 0 to 37 of about 38 (some duplicates have been removed)